Transportation operations company Carrix will purchase marine terminals operator Ceres Terminals following an agreement with Macquarie Infrastructure Partners III, expanding its North American presence.
The global company will be adding Ceres to its existing portfolio, which includes marine and port operators SSA Marine and Tideworks Technology, alongside rail yard company Rail Management Services.
President and CEO Uffe Ostergaard said: “We are excited to expand SSA Marine’s footprint further into the rapidly growing Atlantic and Gulf Coast regions of the United States.
“Ceres has built an attractive portfolio of container, cruise and general cargo operations and customer relationships which will enable us to serve our combined customers in more locations with more services.”
Ceres is one of North America’s biggest terminal operators, providing container operations and cruise terminals at over 18 sites in the US and Canada.
All of Ceres’ sites will come under the control of Carrix except for Ceres Terminals Jacksonville, which will stay under the ownership of Macquarie.
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Ceres CEO Craig Mygatt said he was proud of the culture already created by the company: “We all look forward to the next chapter of growth with Carrix, a well-renowned terminal operator in North America and we are confident that the combination will continue to serve our customers, employees and other stakeholders well.”
The acquisition of Ceres will be seen as a significant investment by Carrix, especially in the cruise industry as the terminal operator has gained a strong reputation with cruise operators in the continent.
This includes the Royal Caribbean Group which last year launched a new $125m cruise terminal at Ceres’ Port of Galveston.
Ostergaard added: “Ceres Terminals has developed a leading position serving the world’s largest cruise line customers throughout the US and in Canada and we look forward to expanding this segment with our combined cruise operations expertise.”
Carrix and Macquarie will now work on finalising the details of the purchase, which will then be subject to the approval of relevant authorities.